trust intent

Trust intent refers to the specific intention or purpose behind the creation of a trust by the settlor (the person who establishes the trust ). This intent determines how the trust’s assets are to be managed, distributed , and used for the benefit of the beneficiaries . Trust intent is essential for an express trust , along with trust property , a trustee , and definite beneficiaries . It reflects the settlor’s deliberate intention to create the trust and outlines the purposes and conditions under which the trust should operate.

[Last reviewed in June of 2024 by the Wex Definitions Team ]

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